Makers of Ulta Chata, a green solution to harvest rain water and solar energy, get funded
Thinkphi, a clean-tech startup has raised an angel round of funding from serial entrepreneur Nimmagadda Prasad, who has earlier backed successful companies like Matrix Laboratories, Maa TV, and Care Hospitals. Most recently he has invested in Sachin Tendulkar’s ISL team Kerala Blasters. Thinkphi is his latest investment.
Thinkphi creates sustainably engineered products that conserve water, energy and waste. The company has made some early sales of its patented Rainwater and Solar harvesting product to key customers like Godrej Interio and Rustomjee.
The startup plans to use the funding primarily in expanding operations and the R&D team; and starting of sales and distribution activities. The company plans to stay asset light and focus on product design, material selection, and manufacturing. With further innovation and R&D, Thinkphi hopes to launch future products around energy saving devices and consumer waste management.
The company’s first product is Ulta Chata, an inverted canopy like structure that provides potable water by capturing rain water during the monsoon and solar energy for the rest of the year. Each unit has the capability to harvest and filter up to 100,000 liters during the rainy season. With a maximum solar capacity of 1.5KW, the product also includes a lighting system which provides various levels of programmable lighting options and a mobile charge unit, thereby making it a completely self-sustaining installation for the outdoors. Lighting stays on for 4 to 5 days from a single solar charging. The unit also provides potable quality drinking water through an inbuilt filter. A central operating system monitors, captures data, and allows users to communicate with a cluster of units over the cloud.
Thinkphi was founded in 2015 by Samit Choksi and Priya Vakil Choksi. Within a short span since inception, the company has steadily built a team of engineers with a background in mechanical, computer science and industrial design. The company has also filed multiple global patents on design and utility which smartly converges water harvesting and renewable energy, ideal for smart cities, industries or large campuses. Commenting on the investment, the co-founders said,
“Thinkphi is an innovative company creating disruptive solutions to environmental problems. We are grateful to have investors who believed in our vision – we are confident that the investment in R&D and good product design will deliver positive results while building company value. We spend a great deal of time in our talent acquisition processes to build the right team who believe in our mission and can bring new ideas and skill sets.”
Thinkphi creates sustainably engineered products that conserve water, energy and waste. The company has made some early sales of its patented Rainwater and Solar harvesting product to key customers like Godrej Interio and Rustomjee.
The startup plans to use the funding primarily in expanding operations and the R&D team; and starting of sales and distribution activities. The company plans to stay asset light and focus on product design, material selection, and manufacturing. With further innovation and R&D, Thinkphi hopes to launch future products around energy saving devices and consumer waste management.
The company’s first product is an inverted canopy like structure that provides potable water by capturing rain water during the monsoon and solar energy for the rest of the year. Each unit has the capability to harvest and filter up to 100,000 liters during the rainy season. With a maximum solar capacity of 1.5KW, the product also includes a lighting system which provides various levels of programmable lighting options and a mobile charge unit, thereby making it a completely self-sustaining installation for the outdoors. Lighting stays on for 4 to 5 days from a single solar charging. The unit also provides potable quality drinking water through an inbuilt filter. A central operating system monitors, captures data, and allows users to communicate with a cluster of units over the cloud.
Thinkphi was founded in 2015 by Samit Choksi and Priya Vakil Choksi. Within a short span since inception, the company has steadily built a team of engineers with a background in mechanical, computer science and industrial design. The company has also filed multiple global patents on design and utility which smartly converges water harvesting and renewable energy, ideal for smart cities, industries or large campuses. Commenting on the investment, the co-founders said,
“Thinkphi is an innovative company creating disruptive solutions to environmental problems. We are grateful to have investors who believed in our vision – we are confident that the investment in R&D and good product design will deliver positive results while building company value. We spend a great deal of time in our talent acquisition processes to build the right team who believe in our mission and can bring new ideas and skill sets.”
